Funding you earn now, next payment 04:00 UTC+0.1545%/8h= +169.2% APRnext payment +$7.73 per $10,000 · paid last 24h −0.026%
Price spread now: BingX against Binance−0.022%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now −0.022%, 7d avg +0.019%
=Funding pays, the price is against you. BingX is 0.041% cheaper against Binance than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.019%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.228% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.228% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IOSTUSDT | 0.0008954 | −0.2387 | get 0.1194% / 4h | 28m 44s | $5.8M | $16.3M | 50x |
| Short | BingX IOST-USDT | 0.0008952 | −0.0842 | pay 0.0421% / 4h | 28m 44s | — | $2.4M | — |
Binance IOSTUSDT
BingX IOST-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $324.46
- Price spread: −0.022% → +0.019%
- −$4.13
- Slippage, 4 orders
- −$46.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $254.14
- Costs to cover
- 0.662%
- Break-even
- 1.5 days
Slippage from Binance: live order book, 12 min ago; BingX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 12 min ago | 1.68 bp | 14.1 bp −$14 | 43.7 bp −$437 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.25 bp | 15.9 bp −$16 | 43.9 bp −$439 | 300.7 bp −$30.1K | 452.4 bp −$226.2K |
IOST on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX IOST-USDT-SWAP | −0.2965% | 4h | 0.0008951 | −0.034% | $1.5M | $4.1M | 10x | as long as short |
| Bybit IOSTUSDT | −0.2932% | 8h | 0.0008945 | −0.101% | $1.9M | $2.0M | 25x | as long as short |
| MEXC IOST_USDT | −0.2394% | 4h | 0.0008953 | −0.011% | $1.9M | $465K | 50x | as long as short |
| Binance IOSTUSDTlong | −0.2387% | 4h | 0.0008954 | long leg | $5.8M | $16.3M | 50x | |
| BloFin IOST-USDT | −0.2336% | 4h | 0.0008957 | +0.034% | $298K | $2.0M | 50x | as long as short |
| Bitget IOSTUSDT | −0.2210% | 4h | 0.0008943 | −0.123% | $665K | $2.3M | 25x | as long as short |
| Variational Omni IOST | −0.1949% | 8h | 0.0008931 | −0.258% | $10K | $5K | — | as long as short |
| Gate IOST_USDT | −0.1102% | 4h | 0.0008940 | −0.156% | $727K | $511K | 25x | as long as short |
| BingX IOST-USDTshort | −0.0842% | 4h | 0.0008952 | −0.022% | — | $2.4M | — |
OKX IOST-USDT-SWAP
Bybit IOSTUSDT
MEXC IOST_USDT
BloFin IOST-USDT
Bitget IOSTUSDT
Variational Omni IOST
Gate IOST_USDT